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Canada's Inflation Jumps to 2.4% in March — And Your Grocery and Gas Bills Show It

Canada's annual inflation rate climbed to 2.4% in March 2026 , up sharply from 1.8% in February, according to Statistics Canada data released Monday. The jump was driven almost entirely by soaring energy prices tied to the U.S.-Iran conflict and its disruption of oil flows through the Strait of Hormuz — and Canadians felt it directly at the gas pump and grocery store. Headline CPI (March) 2.4% ▲ Up from 1.8% in February Gasoline (monthly) +21.2% Largest monthly jump on record Grocery prices (year/year) +4.4% Up from 4.1% in February Core CPI (ex-gas) 2.2% Milder than expected Gas was the main culprit Gasoline prices surged a record 21.2% month over month in March — the largest single-month jump ever recorded in Canada — as the U.S.-Iran conflict choked off roughly one-fifth of the world's oil supply through the Strait of Hormuz. On a year-...
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Netanyahu Announces Hostage Release Deal Amid Ongoing Conflict


In a significant development, Israeli Prime Minister Benjamin Netanyahu has announced that a deal has been reached to release Israeli hostages held by Hamas in Gaza. This agreement comes after intense negotiations and is expected to bring relief to many families who have been waiting for the safe return of their loved ones.

The deal, which is set to be implemented in phases, will see the release of 33 Israeli hostages, including women, children, and men over 50, in the first six-week phase. In exchange, Israel will release Palestinian women and children under 19 detained in Israeli jails. The total number of Palestinians released could range between 990 and 1,650, depending on the number of hostages freed.

The ceasefire agreement, which accompanies the hostage release deal, aims to halt the fighting that has devastated Gaza, killed over 46,000 people, and displaced most of the enclave's population. Despite the agreement, Israeli airstrikes continued in Gaza, causing further casualties.

Netanyahu's announcement has been met with mixed reactions. While many see it as a necessary step towards peace, hardliners in Netanyahu's coalition have opposed the deal, viewing it as a capitulation to Hamas. National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich have threatened to resign if the deal is approved.

The Israeli cabinet is expected to give final approval to the deal, with the first hostages set to be released on Sunday. This development marks a crucial moment in the ongoing conflict and could potentially ease hostilities in the region.


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